U.S. stocks decline after China cuts bank reserve ratio

Global Business

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U.S. stocks ended lower Monday after volatile trading, as China’s central bank announced a cut in its reserve requirement ratio for commercial banks by 0.5 percentage points.

The Dow fell 0.74 percent, and the S&P 500 lost 0.81 percent, while the Nasdaq was down 0.71 percent.


Anthony Chan of Chase discusses China’s reserve requirement ratio

CCTV America interviewed Anthony Chan, a chief economist at Chase about China’s decision to cut the reserve requirement ratio and how could that affect the economy.

Anthony Chan of Chase discusses China's reserve requirement ratio

Anthony Chan of Chase discusses China's reserve requirement ratio

CCTV America interviewed Anthony Chan, a chief economist at Chase about China's decision to cut the reserve requirement ratio and how could that affect the economy.

Story compiled with information from Xinhua